Idle DAO Governance Mining

@emixprime Thanks for the answers again.

Like mentioned in private, more questions came up in my mind and should be really good thought about.


I think there should be some restrictions at some point.

It seems that everyone can anticipate in getting a pretty big reward at this moment, also people who are new into idle, only vote and have not much in their wallet to anticipate with.

Is it at this point logical that…
Someone who has entered idle this month, bought (for example) 200 idle, anticipated in the 2 snapshots we had… and therefore is in the top 5 now and gets a reward of +500 idle for literally only anticipate in 2 easy voting rounds.

It feels weird for me that it can be that easy to easily get such big reward. Should definitely have some deep thoughts about how to continue with this.


We have seen that people can get double the karma score for voting, just for having stake holdings and private wallet holdings. And vote with both.
In the reward distribution for now is thought of that.
But brings up the next thing.

If someone wants to cheat the system on a other way, he / she can easily anticipate with multiple wallets, especially when there is like at this point, nobody further than me has linked there forum and discord handle.
4 of the 5 persons who are rewarded this month, had it for only Snapshot voting. In theory it can be 4 times the same person with different wallets.


Some options to take in consideration:

A person who wants to anticipate should at least link one of the following:

  • His/her forum profile
  • Her/his discord account

I think the reward should have some restrictions and maybe therefore soms extra calculations.

For example:
A person can’t get a max reward that is not higher then 10 or 20% of his total wallet hodlings.
This are just examples and in my humble opinion needs absolutely more discussion.

I still think that it’s better to reward in dollars instead of idle. Ofcourse the reward itself is in IDLE , but the calculations shouldn’t.
This so that we won’t get big differences each month, especially in rewards.

Example:
In Juni people with the same anticipate had by lowest
222 IDLE > ~$ 66 ?!
This month (July)
273 IDLE > ~$ 82 ?!

(Idle price compared to 30 days ago is pretty much the same)


It’s probably harder but in my opinion more fair, shouldn’t be that hard to make a calculator for it in for example Excel or by coding.

Karma score can give the basic info in anticipation.
But rewards should be for example:

$10,- for every (off chain) Snapshot vote.
$20,- for every on chain vote, they are more important (so therefore extra compensation for gas costs).
$30,- for every legit forum proposal.

Starting from the highest legit karma score down till that month budget exceeds.
As long as there is budget, the more people who are able to get a reward.
If there aren’t enough people who anticipate and there is budget left over, 2 things can happen with it.

  1. Take it to the next 30 days
  2. Reward it to most visible active community member, or someone who did something special/extra that month.

By this the rewards will be much more fair and more people can anticipate then just 5, like @william mentioned and asked.

Example

person 1
Votes 1 time and has 100 idle as voting power
IDLE price $0,30 , max reward $10.
He/she brought in 100 idle so at this moment $30,-
This persons max reward (example, 10%) can not be more then 10 IDLE ( $3,-)

person 2
Votes 2 times , 1 of chain snapshot and one other voting round on chain, he / she has 1000 idle as voting power
IDLE price $0,30
max reward for off chain $10.
max reward for on chain $20.
He/she brought in 1000 idle so at this moment $300,-
This persons max reward (example, 10%) can not be more then 100 IDLE ( $30,-) This is the maximum, so this person is fully rewarded for his/here contributing in to idle.

person 3
Votes 2 times , 1 of chain snapshot and one other voting round on chain, he / she has 1100 idle as voting power.
He / she posted also a forum proposal.
IDLE price $0,30
max reward for off chain $10.
max reward for on chain $20.
max reward for forum proposal $30.
He/she brought in 1100 idle so at this moment $330,-
This persons max reward (example, 10%) can not be more then 110 IDLE ( $33,-) This is NOT the maximum of $60 , cos with his holdings it can’t be higher then 10% of his / her total holding.

So this 3 persons have earned in total 230 IDLE from the 2000 , so this can continue as long as there are users legit to be rewarded.

Ofcourse, these are examples and discord is not tracked yet. But, like multiple times mentioned, the setup should be different to make it a fair play and not get way different end results (rewards) every 30 days.

I had more questions in my mind before, for now this is it. :see_no_evil:

We should literally more deep dive in this reward program, so it gets more attractive and logical for everyone.